Regulacje i polityka gospodarcza · 2.12.1994

Appraisals and Property Valuation, Final Rule; Correction

On October 3, 1994 (59 FR 50456), the Department published in the Federal Register, a final rule that established minimum standards for real estate appraisals made by staff, fee panel and contract appraisers in determining the maximum insurable mortgage amount in most HUD/FHA single family (one-to-four family) and multifamily transactions; and established criteria for the selection of appraisers by mortgagees. The rule also distinguished those appraisals that may be performed by state licensed appraisers from those that must be performed by state certified appraisers. The purpose of this document is to correct several minor technical errors contained in the preamble and text of the October 3, 1994, final rule. It also corrects Sec. 267.1(a) to clarify the limited applicability of part 267 to the risk-sharing program.